"#Laogao E-commerce Newsletter# [E-commerce Morning News on May 12]" Chuanmeicai.com plans to go to the United States as early as this year to raise about US$500 million; Xiaomi applies for trademarks such as "XIAOMI MOTORS" and "XIAOMI AUTO"; Fliggy: The number of travel reservations increased by 70% year-on-year after May Day; eBay will allow NFT transactions, becoming the first e-commerce giant to enter the NFT field; Apple, Amazon and Google cooperate to launch a new connection standard for smart homes "Matter"...
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E-commerce newsletter
1. Chuanmeicai.com plans to go to the United States as early as this year to raise about US$500 million
On May 11, Reuters' IFR quoted an unnamed person as saying that Chinese startup Meicai is considering conducting an initial public offering (IPO) in the United States as early as this year, raising about $500 million.
The company is working with financial advisers on potential IPOs, people familiar with the matter said. A spokesperson for Mina declined to comment to IFR. In fact, in February this year. Some people familiar with the matter said that Meicai.com is considering an IPO, and its IPO plan is still in the exploratory stage, with plans to raise about US$300 million, but the listing location has not yet been decided. At that time, Mica responded, "There is currently no IPO timetable."
During the same period, Wang Can, chief financial officer (CFO) of Meicai.com, resigned, which brought uncertainty to the company's potential IPO. In response, Meicai responded that Wang Can resigned due to family reasons. According to people familiar with the matter, Meicai is currently looking for a new CFO. (E-commerce News)
2. RT-Mart's online business accounts for 24% and its annual GMV is nearly 30 billion yuan
On May 11, RT-Mart's parent company Gao Xin Retail Co., Ltd. held an analyst meeting on its 2021 fiscal year results. It was disclosed that in the 15 months ended March 31, 2021, RT-Mart, a subsidiary of Gaoxin Retail, accounted for 24%, with an annual GMV of nearly 30 billion yuan. Among them, fresh food products account for about half of online orders, nearly 15 billion yuan. Currently, the number of users on RT-Mart online platform is 69 million, and the number of active users is more than 16.5 million. In the first quarter of 2021, the average daily order volume of stores that reached their business in one hour was nearly 1,100, an increase of more than 40% year-on-year. (E-commerce News)
3. Xiaomi applies for trademarks such as "XIAOMI MOTORS" and "XIAOMI AUTO"
36Kr learned that Tianyancha App shows that recently, Xiaomi Technology Co., Ltd. has applied to register a number of trademarks such as "XIAOMI MOTORS", "XIAOMI AUTO", "MIMOTORS", and "MIAUTO". The international classification involves transportation and storage, advertising and sales, transportation tools, etc. The current trademark status is "trademark application". (36Kr)
4. Fliggy: The number of travel reservations increased by 70% year-on-year after May Day
According to reports on May 11, Fliggy data showed that the popularity of tourism has not diminished after May 1st this year, the off-season of traditional staggered tours has not diminished. The number of travel reservations after the holiday increased by 70% year-on-year, and the travel costs of many popular destinations are half lower than that of May 1st. In addition to the price reduction of hotel prices, the price of air tickets to Xinjiang, Zhuhai, Lijiang, Ningbo, Xiamen and other places after the festival has dropped by more than 50%. It is reported that Fliggy members have recently launched a number of rights and interests: you can visit Sanya Wuzhizhou Island, Yanoda Tropical Rainforest, Kaiyuan Senbo Water Park and other popular scenic spots for only 10 cents; member miles are free to pick up and drop off from China's special cars nationwide; enjoy domestic airport VIP rooms without limit. (E-commerce News)
Cross-border newsletter
5. Saudi B2B e-commerce platform Sary receives a new round of financing of US$30.5 million
On May 11, Saudi B2B e-commerce platform Sary has recently received a new round of financing of US$30.5 million. The investors in this round include venture capitalists VentureSouq, Raed Ventures, Derayah Venture Capital and MSA Capital, etc. It is reported that the newly raised funds will be used to expand its business scope and product and service scope. The company also plans to integrate third-party financial services into Sary to provide credit services to buyers. (Yibang Power)
6. Australian Post: suspend the implementation of the nationwide delivery of fresh food
On May 11, Australia Post said that the suspension of fresh food delivery has affected small production enterprises, especially producers in rural areas, and has been protested by customers. Therefore, the Australian Post decided to suspend implementation and seek solutions with the support of the Australian small business and family business supervisory agencies, and continued to hold various relevant seminars in May with the participation of customers, businesses and government departments. As for the reasons, Australia Post says it is because cross-regional and interstate cold chain transportation involves complex requirements and different legal provisions for food safety. (Yibang Power)
7. eBay will allow NFT trading, becoming the first e-commerce giant to enter the NFT field
According to reports, eBay said it will allow NFTs (non-fungible tokens) to sell digital collectibles on its platform, becoming the first e-commerce company to enter the NFT field. eBay said that in the short term, NFT inventory will be provided to sellers who meet eBay standards, adding that users are expected to see related projects, policies and tools for a wider range of NFT trading transactions. (Zhitong Finance)
8. YouTube invests $100 million to reward short video platform Shorts content creators
YouTube, owned by Alphabet, announced on Tuesday that it will invest $100 million to pay content creators who make popular videos on its newly launched short video platform Shorts to attract more internet celebrities to the platform. YouTube said the funding will be launched in the coming months and will be paid to content creators this year and 2022. (Sina Technology)
Internet news
9. Apple, Amazon and Google cooperate to launch the new connection standard for smart homes "Matter"
The Connection Standards Alliance, which consists of major tech companies such as Apple, Amazon and Google, today announced the launch of "Matter", a new connectivity standard for smart home devices. Matter is an IP-based unified connectivity protocol that will be used to build and connect to the IoT ecosystem. It is free to communicate between various smart devices, and in addition, it can also have a specification to ensure that projects built on this standard are reliable, secure and able to work together. (Sina Technology)
10. Li Yifeng, Chairman of Xiaoxiong Electric Appliances: E-commerce has become the mainstream channel in the small home appliance industry
On May 11, Li Yifeng, chairman of Xiaoxiong Electric Appliances, said that the e-commerce dividend may be a very important booster for Xiaoxiong's past growth. In the future, e-commerce will become more mature and more stable in development. For the small home appliance industry, e-commerce channels have become a mainstream channel. In the future, the industry may consider returning to the product itself and no longer relying on e-commerce dividends, but considering more diversifiedly the future development path of the company. (E-commerce News)
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